About 5 months ago, in March 2022, we wondered whether the 10-Year treasury note yield (TNX, ^TNX), which then was at 1.791%, would drop to meet its 14-month (then, now 19) support line, which was on a climb and reached ~1.52%.
It didn’t.
But that same support line, the 59-week SMA, kept its smooth climb for 5 additional months and now it approaches the 2% area (1.979%):
Since our previous post ^TNX shot up and touched a high of 3.483% in mid June. Then it retreated and last closed at 2.642%.
Are they now ready to meet? And if yes, where? What would be the outcome of this rendezvous?